Ink Finance, an Infrastructure for Building Multihost Financial DAOs, Completes $1,500,000 Seed & Anchor Round Fundraising
On August 20, 2021, Ink Finance completed the seed and anchor round fundraising, with Republic Capital as the lead institution, and the participation of DHVC, Krypital Group, Axia8 Venture, BellaTech, GSR Markets, Legos Capital Group, LD Capital, RedlineDAO, LucidBlue, Blofin and other institutions. Republic Advisory Service also serves as the lead on Ink Finance’s Board of Advisors, leveraging off its vast reach of ecosystems.
Today’s prevailing DeFi protocols are primarily of a regime of asset-backed financing, inevitably bottlenecked by the immediately available assets on the local blockchains. If the DeFi movement is to gain wider legitimacy, financial products introduced via credit mediation must have their presence in DeFi. This urgent mandate calls for rigorously constructed, flexibly operated, and professionally equipped financial DAOs.
Ink Finance will establish a gold standard of financial DAO that will serve the best-decentralized organizations, including the emerging metaverse asset managers, venture capital and syndicate groups, traditional institutions such as real art auction houses, and mainstream financial firms. With its highly customizable DAO configuration modules and out-of-the-box financial engineering tools, all delivered via a no-code experience, Ink Finance will continuously iterate with technological, financial, and regulatory bodies to deliver Non-fungible Financial Products in the Web3 era.
Ink Finance is initiated by Tony Tang, a veteran financier from Wall Street, with a background in computer engineering and quantitative programming. Combining his extensive experience in derivatives, ABS, asset management, and risk management, he lends his unique insights on decentralized governance and leadership to the Ink Finance project.
Funds raised from this round will be deployed to technical development, ecosystem building, and business expansion. The Ink Finance team will work closely with all of its institutional partners to continuously deliver first-rate products and services. The first suite of products will be rolled out by the end of November 2021.
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